Some stores are claiming there’s a coin shortage because U.S. Mint closures have affected the coin supply right now and they don’t have enough change on hand for customers. “The Federal Reserve is working on several fronts to mitigate the effects of low coin inventories.”Experts Say This Isn’t a Coin Shortage, It’s a Circulation DisruptionYiming Ma, assistant professor in the finance division of the Columbia Business School, says describing the current coin circulation disruption as a coin shortage isn’t entirely accurate. Coin Task Force to mitigate and act on the coin shortage. Bill Clancy, vice president of deposit banking at Northpointe Bank, says the coin shortage can severely impact individuals who don’t have access to bank accounts and credit or debit cards. As of now, it’s hard to say when the current coin shortage will end.

Source: Forbes July 20, 2020 18:33 UTC